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wmp
@wmp.eth
What if a nation state wanted to 51% attack Bitcoin and Ethereum? New research suggests it would take months, cost up to $22B for BTC or $34B for ETH, and ultimately be unprofitable https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4727999
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Almar van der Krogt
@almar.eth
Reassuring! 1000 $DEGEN
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Cole Kennelly
@cole
Interesting chart
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Timmy Mckeegan
@timmy0x.eth
Imagine a scenario where Chinese citizens were using Bitcoin to escape the oppression. They could spend 22 billion, a trivial amount for them, and take it down. It’s not about the profit for a nation state.
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Albert Hofmann
@acid
I don't think profitability would be a major driving factor for most nation states.
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Spare
@spare
Ok but are you aware that china injected 1 trillion in its stock market last week or so ! Your talking rounding error here 🤷
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Spare
@spare
Ok but are you aware that china injected 1 trillion in its stock market last week or so ! Your talking rounding error here 🤷
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Spare
@spare
Ok but are you aware that china injected 1 trillion in its stock market last week or so ! Your talking rounding error here 🤷
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Defi Beats
@defi-beats
Feels cheap lol
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RiRi_LotusQueen
@riri-lotusqueen
Yes, the unprofitable part was mathed into the equation. BTC is economic art
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Krackers Thomas
@krackerz
You mean it only costs 1.5 days of US spending to 51% attack BTC?
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